Wages in South Korea increased to 4830873 KRW/Month in the first quarter of 2025 from 4491305 KRW/Month in the fourth quarter of 2024. This dataset provides - South Korea Total Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about South Korea Household Income per Capita

• South Korea Annual Household Income per Capita reached 19,208.928 USD in Dec 2024, compared with the previous value of 19,230.954 USD in Dec 2023.
• South Korea Annual Household Income per Capita data is updated yearly, available from Dec 2003 to Dec 2024, with an averaged value of 14,290.376 USD.
• The data reached an all-time high of 19,230.954 USD in Dec 2023 and a record low of 7,685.194 USD in Dec 2003.
• In the latest reports, Retail Sales of South Korea dropped 0.473 % YoY in May 2023.

CEIC calculates Annual Household Income per Capita from quarterly Monthly Household Income multiplied by 3 and quarterly Average Household Size and converts it into USD. Statistics Korea provides Household Income in local currency and Average Household Size. Federal Reserve Board average market exchange rate is used for currency conversions. Household Income excludes single person and farm households. Household Income per Capita prior to 2019 is based on old methodology.

Wages in Manufacturing in South Korea increased to 5582097 KRW/Month in the first quarter of 2025 from 5150250 KRW/Month in the fourth quarter of 2024. This dataset provides - South Korea Total Monthly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Minimum Wages in South Korea increased to 10030 KRW/Hour in 2025 from 9860 KRW/Hour in 2024. This dataset provides - South Korea Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Disposable Personal Income in South Korea increased to 2438286.40 KRW Billion in 2023 from 2349203.90 KRW Billion in 2022. This dataset provides - South Korea Total Households Disposable Income - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in South Korea was last recorded at 34121.02 US dollars in 2023. The GDP per Capita in South Korea is equivalent to 270 percent of the world's average. This dataset provides - South Korea GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in South Korea stands at 45 percent. This dataset provides - South Korea Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross National Product in South Korea decreased to 548046.20 KRW Billion in the first quarter of 2025 from 596527.20 KRW Billion in the fourth quarter of 2024. This dataset provides - South Korea Gross National Income - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in South Korea was last recorded at 49995.49 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in South Korea, when adjusted by Purchasing Power Parity is equivalent to 281 percent of the world's average. This dataset provides the latest reported value for - South Korea GDP per capita PPP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Korea Wages: PE: OW: Professional, Scientific & Technical: 1 & Above data was reported at 81.287 KRW th in Jun 2018. This records an increase from the previous number of 76.977 KRW th for May 2018. Korea Wages: PE: OW: Professional, Scientific & Technical: 1 & Above data is updated monthly, averaging 55.791 KRW th from Jan 2011 (Median) to Jun 2018, with 90 observations. The data reached an all-time high of 81.287 KRW th in Jun 2018 and a record low of 42.447 KRW th in Feb 2012. Korea Wages: PE: OW: Professional, Scientific & Technical: 1 & Above data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s Korea – Table KR.G049: Monthly Average Wages: By Industry and Size of Enterprise: KSIC 9th Revision.

Korea Wages: Permanent Employees (PE): Regular Wage (RW): Total: All data was reported at 2,879.489 KRW th in Jun 2018. This records an increase from the previous number of 2,869.105 KRW th for May 2018. Korea Wages: Permanent Employees (PE): Regular Wage (RW): Total: All data is updated monthly, averaging 2,511.073 KRW th from Jan 2011 (Median) to Jun 2018, with 90 observations. The data reached an all-time high of 2,919.146 KRW th in Dec 2017 and a record low of 2,183.844 KRW th in Feb 2011. Korea Wages: Permanent Employees (PE): Regular Wage (RW): Total: All data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s Korea – Table KR.G049: Monthly Average Wages: By Industry and Size of Enterprise: KSIC 9th Revision.

Korea Wages: Manufacturing: 1 to 4 data was reported at 2,472.747 KRW th in Sep 2018. This records an increase from the previous number of 2,238.445 KRW th for Aug 2018. Korea Wages: Manufacturing: 1 to 4 data is updated monthly, averaging 1,968.034 KRW th from Jan 2011 (Median) to Sep 2018, with 93 observations. The data reached an all-time high of 2,472.747 KRW th in Sep 2018 and a record low of 1,645.195 KRW th in Apr 2011. Korea Wages: Manufacturing: 1 to 4 data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s South Korea – Table KR.G049: Monthly Average Wages: By Industry and Size of Enterprise: KSIC 9th Revision.

Korea Wages: Education: 30 & Above data was reported at 3,702.000 KRW th in Apr 2018. This records a decrease from the previous number of 3,885.542 KRW th for Mar 2018. Korea Wages: Education: 30 & Above data is updated monthly, averaging 3,666.068 KRW th from Jan 2008 (Median) to Apr 2018, with 124 observations. The data reached an all-time high of 5,543.800 KRW th in Jan 2017 and a record low of 3,156.550 KRW th in Oct 2012. Korea Wages: Education: 30 & Above data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s Korea – Table KR.G050: Monthly Average Wages: By Industry and Size of Enterprise: KSIC 9th Revision.

Korea Wages: Education: 1 & Above data was reported at 3,670.362 KRW th in Sep 2018. This records an increase from the previous number of 3,310.742 KRW th for Aug 2018. Korea Wages: Education: 1 & Above data is updated monthly, averaging 3,012.811 KRW th from Jan 2011 (Median) to Sep 2018, with 93 observations. The data reached an all-time high of 4,125.349 KRW th in Jan 2017 and a record low of 2,455.588 KRW th in Oct 2011. Korea Wages: Education: 1 & Above data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s South Korea – Table KR.G049: Monthly Average Wages: By Industry and Size of Enterprise: KSIC 9th Revision.

South Korea Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 12.200 % in 2016. This records a decrease from the previous number of 12.500 % for 2014. South Korea Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 12.750 % from Dec 2006 (Median) to 2016, with 6 observations. The data reached an all-time high of 13.000 % in 2012 and a record low of 12.200 % in 2016. South Korea Proportion of People Living Below 50 Percent Of Median Income: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Korea – Table KR.World Bank.WDI: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

Korea Wages: Arts, Sports & Recreational: 1 & Above data was reported at 2,630.920 KRW th in Jul 2018. This records an increase from the previous number of 2,554.078 KRW th for Jun 2018. Korea Wages: Arts, Sports & Recreational: 1 & Above data is updated monthly, averaging 2,157.359 KRW th from Jan 2011 (Median) to Jul 2018, with 91 observations. The data reached an all-time high of 2,999.875 KRW th in Dec 2017 and a record low of 1,739.746 KRW th in May 2011. Korea Wages: Arts, Sports & Recreational: 1 & Above data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s Korea – Table KR.G049: Monthly Average Wages: By Industry and Size of Enterprise: KSIC 9th Revision.

South Korea Wages: PE: EGS: 1 to 9 data was reported at 5,625.075 KRW th in Jan 2020. South Korea Wages: PE: EGS: 1 to 9 data is updated monthly, averaging 5,625.075 KRW th from Jan 2020 (Median) to Jan 2020, with 1 observations. South Korea Wages: PE: EGS: 1 to 9 data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s South Korea – Table KR.G056: Monthly Average Wages: by Industry and Size of Enterprise: KSIC 10th Revision.

Korea Wages: Arts, Sports & Recreational: 30 & Above data was reported at 3,223.132 KRW th in Apr 2018. This records a decrease from the previous number of 3,348.378 KRW th for Mar 2018. Korea Wages: Arts, Sports & Recreational: 30 & Above data is updated monthly, averaging 2,618.744 KRW th from Jan 2008 (Median) to Apr 2018, with 124 observations. The data reached an all-time high of 4,073.793 KRW th in Dec 2017 and a record low of 1,870.966 KRW th in Apr 2008. Korea Wages: Arts, Sports & Recreational: 30 & Above data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s Korea – Table KR.G050: Monthly Average Wages: By Industry and Size of Enterprise: KSIC 9th Revision.

Korea Wages: Construction: 30 & Above data was reported at 3,694.432 KRW th in Apr 2018. This records a decrease from the previous number of 3,837.284 KRW th for Mar 2018. Korea Wages: Construction: 30 & Above data is updated monthly, averaging 3,396.265 KRW th from Jan 2008 (Median) to Apr 2018, with 124 observations. The data reached an all-time high of 4,318.875 KRW th in Jan 2014 and a record low of 2,285.629 KRW th in May 2008. Korea Wages: Construction: 30 & Above data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s Korea – Table KR.G050: Monthly Average Wages: By Industry and Size of Enterprise: KSIC 9th Revision.

Korea Wages: Education: 1 to 4 data was reported at 1,841.796 KRW th in Sep 2018. This records an increase from the previous number of 1,815.530 KRW th for Aug 2018. Korea Wages: Education: 1 to 4 data is updated monthly, averaging 1,655.275 KRW th from Jan 2011 (Median) to Sep 2018, with 93 observations. The data reached an all-time high of 1,913.646 KRW th in Feb 2018 and a record low of 1,459.288 KRW th in Jul 2011. Korea Wages: Education: 1 to 4 data remains active status in CEIC and is reported by Ministry of Labour. The data is categorized under Global Database’s South Korea – Table KR.G049: Monthly Average Wages: By Industry and Size of Enterprise: KSIC 9th Revision.